NEW YORK | One Vanderbilt | 1,401 FT | 67 FLOORS

Great update!

2 Likes

Just seeing these pictures of 1932 and 2015 from Empire State Building’s 86th Floor, you can see how much the city’s Midtown skyline changed and how much will change after 2022!

And about One Vanderbilt, I imagine that a bit of 731 Lexington Avenue (2004) will be visible, I guess, but Citigroup Center (1977), The Helmsley Building (1929), and the tops of Waldorf-Astoria Hotel (1931) and the General Electric Building or the 570 Lexington Avenue (1931) will be completely blocked!
Even though I will kinda miss those skyscrapers being seen from the ESB, I’m still looking forward to see One Vanderbilt be built! :slight_smile:


Stacy P. Fischer

6 Likes

June 14th

7 Likes

Love these comparisons. :smile:

I can’t wait for 2020 to come and see the changes. Hopefully soon the whole city will look like those cityrealty mass models of pipeline developments.

2 Likes

June 15th


6 Likes

Today

~ SIX more floors to go!!

7 Likes

from 17 june


5 Likes

June 21st


John Boehner!

5 Likes

Interesting news!
We shall see how far its lenders will go with this amazing tower.
And its estimate price tag is 3.14 billion!? Holy Towers! I knew it would be expensive, but not over 3 billion!

1 Like

If they now have a construction loan, it appears to be fully financed!

3 Likes

Mercury is now visible!!! :open_mouth: :grin:

This tower will be truly amazing and will have a nice impact on the surroundings and overall, will be a great addition to the city, just wish it could be the tallest.

I think he always will be since the new tower supposedly leans back to preserve presently blocked views of Mercury, et al!

I’m John Boehner, and I approve this message!!

Cheers
http://www.nerdspan.com/wp-content/uploads/2013/05/great-gatsby-gatsby-toasts-525x349.jpeg

It will be great watching this rise. My top 2 to watch rise is THIS and Nordstrom. Oh and 111 West 57 and then hopefully 2 WTC and eventually 80 South etc etc.

3 Likes

http://http//www.businesswire.com/news/home/20160621005368/en/AECOM’s-Tishman-Construction-manage-construction-iconic-Vanderbilt

1 Like

A poster on SSP noted the Duesch bank logo on the render. Could this be a sign? I mean it would help explain how they just got 1.5 billion on financing. I mean TD Bank was the anchor tenant. But they were only on 500k SQFT, which would put it at about 30% leased (1.8 msft total). I thought DB was in the market for around a million, being 83% leased would definitely explain the floodgate of cash (in a current time when financing is hard to come by).

2 Likes

I think TD has only 300k SF. DB is in rough financial shape, so I doubt that they’ll rent 1m SF in an expensive Buildng like this. I can see them taking 700k SF in JC and 300k SF in a building like this. Given the DB symbol in the lobby though, I would not be surpassed in they’re in discussions with SLG.

I think TD leased even less. aprox 200 ksf

well makes my point even more. I dont think leasing like 13% of the building would be enough to get 100% financing. There has to be someone else solidly on.

Also I do not believe it is legal to put a logo on a render of a real company that is not locked into being in your building. That would be false advertising. So either this was part of a marketing packet specifically made for DB or it means they are really signed on.

I’m inclined to agree with the marketing ploy.

But with financing, something like 20% is acceptable. It really depends on the the conglomeration of lenders or a lender. But with a lot of projects, you get multiple lenders. Example being Bank of China, Wells Fargo, and Chase financing a project all at once.